At least nine companies will implement reverse stock splits on August 24, 2026, with ratios ranging from 1:500 to 2:1. According to reports from Goodreturns, these reverse stock splits involve multiple shares being combined into one equity share, though the specific ratio is determined by each company. The market price of respective listed companies typically rises while the number of shares decreases following these splits. These nine stocks are listed mainly on Nasdaq, while one stock is listed on NYSE.
Tikun Olam Cannbit Pharmaceuticals, an Israel-based pharmaceutical company producing cannabis for medical purposes, will split its shares in the 1:500 ratio. As reported by Goodreturns, this will be the second stock split by Tikun in 2026, following an earlier 1:100 split with a record date of March 02, 2026. The stock split will be carried out on ordinary shares and is available on OTC platforms. The company addresses noninvasive diagnosis of early-stage cancer and broad-spectrum cancer treatments.
Greenland Mines, trading on Nasdaq, will implement a 1:50 reverse stock split with shares currently trading around $10.14 apiece. According to Goodreturns, the company focuses on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and select midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
Two stocks on Nasdaq are splitting in the 1:15 ratio: bioAffinity Technologies and VCI Global Limited. As reported by Goodreturns, bioAffinity stock is trading around $6 per piece and will trade under the symbol BIAF post-split. The company addresses noninvasive diagnosis of early-stage cancer and broad-spectrum cancer treatments. VCI Global is an AI-native operating platform listed under VCIG with a new CUSIP. bioAffinity has announced that every 15 shares of issued and outstanding common stock will be exchanged for one share of common stock, with stockholders receiving cash in lieu of fractional shares.
BRC Inc, listed on NYSE, will reverse split its shares in the 1:10 ratio with stock around $8.80 apiece. According to Goodreturns, BRC Inc is a veteran-controlled company engaged in premium coffee, content, and merchandise for active military, veterans, and first responders. Two stocks on Nasdaq will split in the 1:8 ratio: GameSquare Holdings, a digital gaming company with over 1 billion audience, and Skye Bioscience, a biotechnology company developing drugs for obesity and metabolic diseases. GameSquare aims to revolutionize brand and game publisher connections with Gen Z, Gen Alpha, and Millennial audiences.
InterCure, another Israeli company and leading cannabis company outside North America, is the only stock reverse splitting in the 1:5 ratio on Nasdaq. As reported by Goodreturns, IES Holdings is the only stock splitting in the 2:1 ratio on Nasdaq. IES Holdings designs and installs integrated electrical and technology systems for data centers, residential housing, and commercial facilities, providing infrastructure products and services to various end markets including data centers, residential housing, and commercial and industrial facilities.
